Knauf Gypsum Philippines will put up the manufacturing facility in a six-hectare property within the industrial park, formerly known as Phoenix Petroterminals & Industrial Park.

The company is a partnership of two German firms — Knauf Gips KG, Germany’s leading manufacturer of building solutions, and Deutsche Investitions-und Entwicklungsgesellschaft (DEG), an investment and development corporation.

Knauf CEO for Asia and the Pacific Murray Read said the company’s manufacturing plant here aimed to cater the demand of plasterboard and other gypsum-based building solutions, with the country’s booming construction industry.

“This state-of-the-art manufacturing plant marks our confidence and optimism in one of Southeast Asia’s fastest-growing economies, if not the best performing one,” Read said.

“We hope to contribute to the Philippines’ growth by creating employment opportunities while serving the plasterboard requirement of its booming construction industry,” he added.

Knauf’s project in the country is registered with the Board of Investments and given fiscal and tax incentives under a pioneer status.

Knauf Group is one of the world’s leading manufacturers of modern insulation materials, dry-lining systems, plasters and accessories, thermal insulation composite systems, paints, floor screed, floor systems, and construction equipment and tools.

It has 150 manufacturing plants and sales organizations, with about 26,000 employees globally.

“The state-of-the-art manufacturing plant serves as another push for Calaca Seaport’s thrust of becoming a premier provider of land, storage space and port services in the country,” Calaca Seaport President Dennis Uy said.

The 107-hectare Calaca Seaport hosts investments in sectors such as trading petroleum products, liquefied petroleum gas, industrial chemicals and salt; manufacturing of reinforcing steel bars; and operation of power plants.

The industrial park also has its own port to cater shipping requirements of its locators.

“We commit to continue developing Calaca Seaport and other industrial estates that will help the Philippines attract more high-impact investments and make doing business here more efficient,” Uy noted. (PNA)

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